9 critical errors that jeopardise your company’s future
Cash flow is a crucial element of success whether your business is just starting out or well-established. However, as a business owner, you may find it difficult to move toward positive cash flow while juggling the other management tasks on your plate.
3 Strategies for Managing Your Profit-Drain Customers
Managers today have a huge unaddressed opportunity to engage and manage their large, profit-draining customers, creating win-win relationships that rapidly increase profits and lock in these key customer relationships. As yesterday’s mass markets fragment, managers must shift from broad-based product management to highly focused management of target customer segments — and even individual customers.
Midsize Companies Need a Systematic Approach to Cost Analysis
As companies grow from small to midsize, they inevitably arrive at a point where systematic cost analysis — a regular, automated process of evaluating all costs — is critical to their survival and continued growth.
Want Better Cash Flow? Improve Your Company’s Operational Efficiency
James Boening has seen it all in the car industry. In a career spanning more than three decades, he founded and sold a dealership lending company for $20 million; lost businesses “because of cash flow mistakes”; and oversaw 90 franchised dealerships as a national director for pre-owned operations for Fortune 500 company Asbury Automotive Group.
Healthy cash flow – the most important element for sustained growth
All executives worth their salt want their organizations to have healthy cash flows. But what does a “healthy cash flow” really mean?
3 Keys To Building Out A Successful Budget And Forecasting Expenses
Cash flow. It may be a term that invokes headaches for many entrepreneurs, but at the end of the day, few things will be more important to the long-term health of your business.
Entrepreneurs: Survive and thrive in times of crisis
No business will be able to outwork or outrun the impacts of COVID-19. So what should an entrepreneur do next? Take the time to GASP, an acronym for the terms: Ground, Assess, Stabilize and Plan. This approach worked well for businesses that survived and thrived during the Great Recession of 2007/8 and other major market challenges.
9 Actionable Ways to Increase Cash Flow
In the world of business, cash flow is the one thing that can make or break a business. According to our research, 82% of small businesses fail because of poor cash management skills or a lack of understanding of cash flow. This is the number one reason small businesses fail, sitting well above fraud, market changes […]
7 Tips on Managing Cash Flow as a New Business
New start-ups should fully understand that running out of money is one of the primary reasons businesses fold shortly after a launch. This scenario is a proven statistic.
5 Ways to Boost Business Cash Flow
Business is a game of revenue, profits, and expenditures. If those metrics are out of balance, sustaining a business will prove difficult.